Earn up to
2% p.a.
A comprehensive guide on how to stake Synthetix Network (SNX)
We have a wealth of data on staking Synthetix Network (SNX) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
Synthetix Network (SNX) is currently priced at USD 2 with a 24-hour trading volume of USD 38.11M. The market cap of Synthetix Network stands at USD 614.86M, with 339.47M SNX in circulation. For those looking to buy or trade Synthetix Network, FMFW.io offers avenues to do so securely and efficiently
Staking Synthetix Network can be a great option for those who want to hold SNX while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.
To stake Synthetix Network, you need to own it. To obtain Synthetix Network, you'll need to buy it. You can choose from these popular exchanges.
Once you have SNX, you'll need to choose a Synthetix Network wallet to store your tokens. Here are some great options.
We recommend using a staking pool when staking SNX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SNX, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Synthetix Network network. You'll be rewarded with SNX for these validations.
There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.
SNX
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
